Grocery inflation has fallen to its lowest rate in almost two years with prices in supermarkets rising by just 5.3% this month, new figures reveal today.
The pace of price hikes during the four weeks to 18 February, marks a drop of 1.5 percentage points since January and the slowest since March 2022, according to data from analysts Kantar. Supermarket sales rose 5.1% over the same period suggesting that more confident shoppers are buying around the same volume of groceries as they did a year ago.
